In the future, Hyundai wants to develop its own semiconductors in order to become less dependent on suppliers in this increasingly important area. Hyundai’s global chief operating officer Jos Muoz told journalists, “It takes a lot of investment and time, but it’s something we’re working on,” according to a report by Reuters news agency.
Like other automakers, Hyundai recently had to cut back car production due to a lack of semiconductors. However, Muoz is of the opinion that the worst is over, partly because chip manufacturers like Intel are investing heavily in expanding their capacities. The “most difficult months” for Hyundai were August and September.
Development probably at Hyundai Mobis
Hyundai Mobis, a supplier belonging to the Hyundai Motor Group, will play a key role in the Group’s internal semiconductor plan. Hyundai Mobis is also building two new ones Works for hydrogen fuel cell systems in South Korea, which should start production in the second half of 2023. According to its own information, Hyundai Mobis is the seventh largest automotive supplier in the world with annual sales of almost 30 billion US dollars and more than 30,000 employees. (mer)
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